Editor's Note:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these stocks may need to see a break past key support or resistance:

(bullish ideas)
HSIC, FDX, BIDU, AAP, WAGE, URI, UTHR,

(bearish ideas)
CVLT, SWK,



NEW DIRECTIONAL PUT PLAYS

Intl. Business Machines - IBM - close: 177.48 change: -2.20

Stop Loss: 181.25
Target(s): 170.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
IBM has been underperforming the stock market for months. Shares are in a bearish channel of lower highs and lower lows. The company's revenues have been flat the last four years but the trend is getting worse. IBM has seen sales actually drop six quarters in a row. The NSA eavesdropping scandal is killing demand for some U.S. tech companies overseas. IBM could see more tax-loss selling between now and yearend.

Today's low was $177.12. I am suggesting a trigger to buy puts at $176.90. If triggered our target is $170.25, a new lower low. However, more conservative traders may want to exit near the October lows near $172.50 since they could be potential support.

Trigger @ 176.90

- Suggested Positions -

Buy the 2014 Jan $175 PUT (IBM1418m175) current ask $3.15

Annotated Chart:

Entry on December -- at $---.--
Average Daily Volume = 5.1 million
Listed on December 02, 2013